No one wants to face the prospect of bankruptcy.
With the devastating financial hits so many in the United States have suffered due to the recession, job losses and underemployment, record high medical costs, and other factors, many who never could have imagined themselves in this position are having to consider filing for bankruptcy to get needed relief.
If you are in such a position, it's important to know that bankruptcy is not only an entirely legal option, it is the responsible choice to once again take control of your financial future.
There are three types of bankruptcy: Chapter 7, Chapter 13, and Chapter 11.
All of them have different requirements for qualification and take a different approach to eliminating or controlling debt.
What they all have in common is that when the right option is chosen and filed properly, bankruptcy enables those who are drowning in debt become once again asset generating people who are building towards a positive future for themselves and their families.
Though individuals can file for bankruptcy without the assistance of an experienced bankruptcy attorney, this is not the best circumstance in which to make the choice to go it alone.
Bankruptcy laws are complex and mistakes can be very costly and irreparable.
It is essential to have the assistance and representation of a professional who can evaluate your financial and asset situation thoroughly, protect your best interests, and guide you through the process.
There is no substitute for this expertise and experience to enable you to deal with your debt problems legally for the best possible outcome.